As a result of the 2015 reform, the supervision of both party and campaign funding is now concentrated in the hands of the CEC (except for the control of allocations from the state budget, which is to be performed by the Court of Accounts), which has been assigned new powers to fulfil this role, including the right to apply certain sanctions to political parties and electoral contestants. This approach was welcomed by GRECO, bearing in mind that “the CEC receives financial information from parties and electoral contestants as well as from other state bodies, and thus has an overview of various aspects of political finances, and given that the CEC offers more statutory guarantees of independence than other bodies such as the Tax Inspectorate of the Ministry of Finance.” However, GRECO also stressed the need to ensure that the new party and campaign funding rules are applied in practice, notably by ensuring that the supervisory mechanism “has the necessary resources to implement substantive, proactive oversight of the financing of election campaigns and of political parties in general.”